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Spot Bitcoin ETF Issuers In Talks With the US SEC

Bitcoin's price briefly reached $29,000 on Wednesday, edging closer to the psychological level of $30,000. This rise in price is attributed to positive sentiment surrounding talks of a Bitcoin ETF in the market, particularly from institutional investors.

Bloomberg analysts report that spot Bitcoin ETF applicants are in discussions with the US SEC regarding changes required for approval, including custodial arrangements, adherence to GAAP, risk disclosures, and electricity consumption in mining. Fidelity Investments has also updated its spot Bitcoin ETF filing in line with SEC recommendations, and other Bitcoin ETF issuers are expected to make further changes in the coming weeks and months.

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